Greenland Technologies Holding Corporation (NASDAQ:GTEC) Short Interest Update

Greenland Technologies Holding Corporation (NASDAQ:GTEC) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 267,361 shares, a growth of 389.5% from the July 30th total of 54,616 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily volume of 1,882,033 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Greenland Technologies in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mariner LLC lifted its stake in Greenland Technologies by 97.1% in the 4th quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after buying an additional 20,000 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Greenland Technologies during the 3rd quarter worth approximately $31,000. Finally, Centiva Capital LP purchased a new stake in Greenland Technologies during the 3rd quarter worth approximately $29,000. 10.89% of the stock is owned by hedge funds and other institutional investors.

Greenland Technologies Price Performance

NASDAQ GTEC traded down $0.05 on Wednesday, hitting $0.85. The company had a trading volume of 56,370 shares, compared to its average volume of 365,369. The company’s fifty day moving average price is $0.61 and its 200-day moving average price is $0.67. The company has a market capitalization of $17.49 million, a PE ratio of 1.47 and a beta of 0.15. Greenland Technologies has a 12-month low of $0.47 and a 12-month high of $1.61.

Greenland Technologies (NASDAQ:GTEC) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. Greenland Technologies had a net margin of 12.32% and a return on equity of 17.02%. The business had revenue of $29.88 million for the quarter, compared to the consensus estimate of $22.80 million. On average, sell-side analysts anticipate that Greenland Technologies will post 0.59 EPS for the current year.

Greenland Technologies Company Profile

Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a China-based designer and manufacturer of clean energy solutions specializing in biomass resource utilization. The company develops and produces pellet fuel production lines, biomass boilers, pellet stoves and turnkey systems for sustainable heat and power generation. Its product portfolio also includes industrial‐scale pelletizers, dryers, combustion equipment and control systems optimized for agricultural and forestry residues.

Beyond equipment supply, Greenland Technologies provides engineering, procurement and construction (EPC) services, along with installation, commissioning and maintenance support for biomass energy facilities.